Posted by Azman Hashim > 2016-11-21 19:19 | Report Abuse

We refer to the above article appearing in Newswire under http://splash247.com/reprieve-perisai-petroleum-teknologi/, Page 3 & 4, on Sunday, 20 November 2016, a copy of which is enclosed for you reference.
In particular, we would like to draw your attention to the underlined sentence which is reproduced as follows:-

“Perisai will have 60 days to submit a proposal for a debt restructuring scheme, after which CDRC will call for a meeting with the tenders.”
In accordance with Bursa Securities' Corporate Disclosure Policy, kindly furnish Bursa Securities with an announcement for public release confirming or denying the above reported article in particular the underlined sentence after due and diligent enquiry with all the directors, major sharesholders and all such other person reasonably familiar with the matters about which the disclosure is to made in this respect. In the event you deny the above reported sentence or any other part of the article, you are required to set forth facts sufficient to support the same.

Please furnish Bursa Securities with your reply via Bursa Link by today.



Yours faithfully,
TAN YEW ENG
Vice President, Issuers,
Listing Division, Regulation
TYE/NMA/TEK

Posted by albertwarrior > 2016-11-21 19:40 | Report Abuse

TEHRAN, Nov. 21 (UPI) -- OPEC members are shooting for crude oil priced at around $60 per barrel if production agreements come through, Iran's oil minister said.

Iranian Oil Minister Bijan Zangeneh met during the weekend in Tehran with Mohammad Sanusi Barkindo, the secretary general of the Organization of Petroleum Exporting Countries, of which Iran is a member. Both sides discussed the prospects of upholding a production ceiling proposed in September in Algeria and, if it's formalized, Iran's oil minister said crude oil prices could rally up to 25 percent.

"OPEC members have considered a price range of $55 to $60 [per barrel]," he was quoted by the Oil Ministry's news website SHANA as saying.

The price for Brent crude oil was moving near $48 per barrel in pre-market trading Monday, a rebound of around 60 percent from its low point for the year.

OPEC members are working to build consensus around an agreement to hold output at around 32.5 million barrels per day, the low end of the proposal offered from Algeria. OPEC last reported that its 14 members produced a combined average of 33.6 million barrels per day, above the high end of the Algerian proposal.

Posted by albertwarrior > 2016-11-21 19:41 | Report Abuse

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Oil prices are jumping on Monday morning, boosted by hopes of a looming production cut and a weaker dollar.

Henry Croft, a research analyst at Accendo Markets, says in an emailed statement: "Crude Oil prices are once again being buoyed by improved market optimism that OPEC members will be able to reach a deal at the end of this month, being further helped by the USD trading below its record highs posted on Friday."

Posted by albertwarrior > 2016-11-21 19:44 | Report Abuse

Brent @ $47.91/barrel

Posted by JoshuaMS7 > 2016-11-21 20:26 | Report Abuse

Ringgit flying, tomoro perisai keeps flying

Posted by albertwarrior > 2016-11-21 23:03 | Report Abuse

Brent uptrend to $48 and above

Posted by albertwarrior > 2016-11-21 23:05 | Report Abuse

Will We Ever See $100 Oil Again?

By Oilprice.com, November 21, 2016, 08:10:48 AM EDT
A report from auditors PricewaterhouseCoopers (PwC) has revealed that oil prices are unlikely to climb back to the $100 level, and will have a limited rise from the current spot price to between $60 and $70 per barrel over the next few years.

The rise, which would pull oil prices up from the below $50 per barrel mark where it has sunk since late October, should facilitate a rise in capital expenditure (capex), PwC argued.

The report highlights the precipitous decline in global upstream capex, where some commentators have said that there has been a 40 percent reduction in this genre of spending, compared to the highs of 2014.

Posted by albertwarrior > 2016-11-22 07:18 | Report Abuse

Brent now @ $48.90/barrel

Posted by albertwarrior > 2016-11-22 07:21 | Report Abuse

By David Gaffen | NEW YORK
Oil prices surged 4 percent to a three-week high on Monday, bolstered by growing conviction that major oil producing countries would agree next week to limit output.

Brent crude briefly touched $49 a barrel. The London benchmark has risen 11 percent in a week since Saudi Arabia, de facto leader of the Organization of the Petroleum Exporting Countries, started a diplomatic charm offensive to persuade more reluctant members to join its proposed output plan.

OPEC members are due to agree to a world oil freeze pact on Nov. 30 at a meeting in Vienna, Austria. In recent days, several OPEC members including Iran, along with non-member Russia, have suggested they were leaning toward a deal to limit output.

Brent crude futures LCOc1 settled at $48.90 a barrel, up $2.04, or 4.4 percent. U.S. West Texas Intermediate (WTI) CLc1 gained 4 percent to settle at $47.49 a barrel, up $1.80, after climbing as high as $47.80.

"As we get closer to the meeting the threat that they will achieve some agreement has triggered a lot of short covering," said Gene McGillian, manager of market research at Tradition Energy in Stamford, Connecticut. He added that funds were less enthused about holding positions ahead of the meeting.

The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016. REUTERS/Leonhard Foeger

Posted by albertwarrior > 2016-11-22 07:22 | Report Abuse

By David Gaffen | NEW YORK
Oil prices surged 4 percent to a three-week high on Monday, bolstered by growing conviction that major oil producing countries would agree next week to limit output.

Brent crude briefly touched $49 a barrel. The London benchmark has risen 11 percent in a week since Saudi Arabia, de facto leader of the Organization of the Petroleum Exporting Countries, started a diplomatic charm offensive to persuade more reluctant members to join its proposed output plan.

OPEC members are due to agree to a world oil freeze pact on Nov. 30 at a meeting in Vienna, Austria. In recent days, several OPEC members including Iran, along with non-member Russia, have suggested they were leaning toward a deal to limit output.

Brent crude futures LCOc1 settled at $48.90 a barrel, up $2.04, or 4.4 percent. U.S. West Texas Intermediate (WTI) CLc1 gained 4 percent to settle at $47.49 a barrel, up $1.80, after climbing as high as $47.80.

"As we get closer to the meeting the threat that they will achieve some agreement has triggered a lot of short covering," said Gene McGillian, manager of market research at Tradition Energy in Stamford, Connecticut. He added that funds were less enthused about holding positions ahead of the meeting.

The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016. REUTERS/Leonhard Foeger
The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016. REUTERS/Leonhard Foeger
Goldman Sachs analysts said in a note that chances of an OPEC cut succeeding have increased, and they believe the global oil surplus will shift into a deficit by the middle of next year, which would support prices.

"Our base case now is that an OPEC production cut will be announced and implemented," they wrote.

Hedge funds in the week ending Nov. 15 cut their combined net long position in the three major Brent and WTI futures and options contracts by just 3 million barrels to 422 million barrels. Such moves protect against any selloff should OPEC fail to reach agreement.[CFTC/]

"You never know with OPEC - sometimes they go to the last minute, and there are a lot of false starts," said Phil Flynn, senior market analyst at Price Futures Group in Chicago.

Russian President Vladimir Putin said he saw no obstacle to freezing oil output from its post-Soviet high of more than 11 million barrels per day.

Posted by JoshuaMS7 > 2016-11-22 08:48 | Report Abuse

tp 0.1

Posted by B4b4 > 2016-11-22 09:38 | Report Abuse

Up up up, 6.5s will be gone forever

Posted by hklcheng > 2016-11-22 09:38 | Report Abuse

ready.....

Posted by albertwarrior > 2016-11-22 09:41 | Report Abuse

Brent now @ $49.43/barrel

Posted by King Kong73 > 2016-11-22 10:48 | Report Abuse

Woohhoo

Posted by bjgdila123 > 2016-11-22 12:25 | Report Abuse

0.05 saya tunggu

Posted by SHQuah > 2016-11-22 13:48 | Report Abuse

http://www.theedgemarkets.com/my/article/perisai-active-jumps-833-despite-declaring-itself-insolvent

"Upon receipt and review of the proposed scheme, CDRC will call for a meeting with the (company's) lenders to deliberate on the proposed scheme.

"Simultaneous with the company's admission to CDRC, letters to all of the company's lenders have been issued by CDRC requesting the lenders to observe an informal standstill and to withhold litigation proceedings against the company with immediate effect," it added.

Perisai was responding to last Sunday's news article by splash247, which stated the company has got some breathing room from creditors thanks to the help of the government through CDRC.

Posted by albertwarrior > 2016-11-22 14:28 | Report Abuse

http://www.nst.com.my/news/2016/11/190846/ringgit-still-accepted-money-changers-makkah-madinah-says-tabung-haji?m=1

Posted by KedahMalay > 2016-11-22 14:59 | Report Abuse

Up up up

Posted by mushimushi > 2016-11-22 17:36 | Report Abuse

25-Feb-2016 55,253 -719,533 -719,756 -724,585 perisai loss so much in 1 quarter.

I did the calculation, all the profit combined since 2006 till 2016 cannot cover, perisai still losing -442,821, kakaka.

Only idiots will buy this stock. Seriously, this kind of phony accounting only happens in Malaysia. You get death penalty in China. Kakaka.

Posted by albertwarrior > 2016-11-22 18:53 | Report Abuse

Brent now @ #49.77/barrel

Posted by albertwarrior > 2016-11-22 18:56 | Report Abuse

Oil prices rise ahead of expected OPEC output cut

Posted by albertwarrior > 2016-11-22 21:38 | Report Abuse

By Sabina Zawadzki
LONDON (Reuters) - Oil prices rose on Tuesday to their highest this month as a growing consensus emerged in the market that OPEC would overcome internal disputes and scepticism to strike a deal that materially reduces crude output.

Posted by albertwarrior > 2016-11-23 09:37 | Report Abuse

BNM Nov meeting
23 Nov 2016
Monetary policy statement release at 3p.m. today

Posted by albertwarrior > 2016-11-23 09:37 | Report Abuse

Stay tune.

Posted by albertwarrior > 2016-11-23 09:38 | Report Abuse

Reference: http://www.bnm.gov.my/?ch=mone&pg=mone_mpc&lang=en

Posted by Leoleo > 2016-11-23 10:33 | Report Abuse

up n down if you sold at 0.06 0.065.. can wait 0.05 n lower to enter again.

Posted by albertwarrior > 2016-11-23 11:43 | Report Abuse

OPEC’s Matrix: If 1 Million Bpd Are Cut, Oil Will To Rally To $59

Posted by OtakQ > 2016-11-23 12:23 | Report Abuse

So who are buying this counter, idiots or geniuses?

Posted by King Kong73 > 2016-11-23 13:43 | Report Abuse

Genius laaa OtakQ

Posted by Ibi_chan > 2016-11-23 15:15 | Report Abuse

When will perisai bungkus?

Posted by Kris Wong > 2016-11-23 16:40 | Report Abuse

It can be genius or idiot as there is just a fine line separating them !!!

Posted by Leoleo > 2016-11-23 20:09 | Report Abuse

will move within 0.045 to 0.065...few more rounds....if that happened becareful...

Posted by Aleo Low > 2016-11-24 04:30 | Report Abuse

Big boss selling again !!!! In huge volume

Posted by albertwarrior > 2016-11-24 14:51 | Report Abuse

Malaysia central bank shows higher forex reserves despite ringgit support
Leslie Shaffer | @LeslieShaffer1
1 Hour Ago
CNBC.com

Mareen Fischinger | Westend61 | Getty Images
How did Malaysia's central bank manage to simultaneously meddle in markets to support its currency and increase its foreign exchange reserves? That's a $500 million question.
Malaysia's central bank, Bank Negara Malaysia (BNM), said last week it was intervening in the market to support the ringgit, which was particularly hard hit in the "Trump tantrum" of emerging market fund outflows in the wake of Donald Trump's surprise U.S. election win on November 8.
That intervention should have showed up in the country's foreign-exchange reserves as a decline because the central bank would usually need to sell foreign currencies to purchase ringgit.

Instead, the central bank said on Tuesday that its international reserves amounted to 407.8 billion ringgit, equivalent to $98.3 billion, as of November 15. That compared with the 405.5 billion ringgit, or $97.8 billion, it had as of October 31, according to a November 7 statement.
BNM didn't immediately answer emailed requests for comment on the unusual rise in reserves, but at least one analyst noted the seeming discrepancy in the figures.
"A surprise increase in foreign-exchange reserves and BNM reassuring investors that capital markets and the banking system is deep and liquid in their policy statement leaves more questions than answers," Jason Daw, a foreign-exchange analyst at Societe Generale, said in a note on Thursday.
"Valuation effects alone should have caused reserves to fall and it is unlikely that dollar buying occurred in the November 1-15 period," he said, speculating that Malaysia's swap line with China's central bank, the People's Bank of China (PBOC), may have been tapped for dollar liquidity.
The swap arrangement allows the two central banks to provide liquidity in each other's currencies, primarily aimed at supporting trade and investment.

Posted by beso > 2016-11-24 14:52 | Report Abuse

deadline for perisai 10/01/2017

Posted by Bullhunter > 2016-11-24 15:56 | Report Abuse

can;t imagine 1 lot of perisai shares cannot even buy 1 bowl of curry mee! With the value of the ringgit, price of the curry mee will go up soon.

Posted by Aleo Low > 2016-11-25 03:51 | Report Abuse

Abg aji belum goyang relaxx

Posted by albertwarrior > 2016-11-25 09:19 | Report Abuse

Trump's win pushes OPEC to cut production, says BofA's Blanch
Tom DiChristopher | @tdichristopher
5 Hours Ago
CNBC.com
45
SHARES
90
COMMENTSJoin the Discussion
Saudi Arabia's Energy Minister Khalid al-Falih talks during the 23rd World Energy Congress in Istanbul, Turkey, October 10, 2016.
Murad Sezer | Reuters
Saudi Arabia's Energy Minister Khalid al-Falih talks during the 23rd World Energy Congress in Istanbul, Turkey, October 10, 2016.
The election of Donald Trump to the presidency gives OPEC members another reason to agree to oil production cuts when they meet next week, says Bank of America Merrill Lynch's head of global commodities and derivatives research.

Saudi Arabia is trying to guide OPEC members toward a deal to cut production by 4 to 4.5 percent, in a bid to balance global supply and perhaps boost oil prices by about $10 a barrel.

Merrill's Francisco Blanch told CNBC there are three ways Trump's win and the Republican clean sweep of Congress will affect OPEC's forecast:

1. GOP driving dollar and interest rates higher

First, the policies the GOP is pursuing are generating a stronger dollar and higher interest rates, neither of which bode well for emerging-market countries — or for oil demand in the developing world, he said.

A stronger greenback makes dollar-denominated crude more expensive when it's bought in other currencies, and higher U.S. interest rates tend to give investors an alternative to putting their money to work in emerging markets.

"It's very important that OPEC comes back together, given the potential weakness in emerging market demand," Blanch told CNBC's "Squawk on the Street."

That will be particularly true if President-elect Trump follows through with his campaign threats to impose tariffs on goods shipped from emerging markets including China, he said.

2. Threat of a boost in US production

Second, Trump's goal of boosting U.S. energy output by rolling back regulations threatens to exacerbate the global oversupply of crude. American drillers have reduced their output because they face higher costs of production than many OPEC nations.


"So now OPEC has to deal with a rising threat of more supply from the U.S. at a lower cost, because that's what lower regulatory hurdles mean for supply in this country," he said.
3. Iran could fall in line

Lastly, Iran is now more likely to play ball with regional rival Saudi Arabia. Trump and Congressional Republicans are both fierce critics of a deal reached by the United States and five other world powers to lift sanctions on Iran.
That accord has allowed Iran to increase its oil output and claw back market share, but Tehran cannot boost production and exports much more without foreign investment. Republican control of the White House and Congress makes it more likely Iran will face renewed sanctions, and that threat will discourage potential investors, in Blanch's view.

"Effectively their worst case scenario for next year, which is keeping supply where it is today, probably just became their best case. I don't see a lot of ... international companies going into Iran, a lot of financial institutions going into Iran, given all the uncertainty as to what a new Trump administration with a Republican clean sweep is going to do to Iran," Blanch said.

Posted by albertwarrior > 2016-11-25 09:37 | Report Abuse

Print Email Facebook Twitter More
Bank rate rigging spreads as ANZ, Macquarie hauled into court over Malaysian ringgit trades
By business reporter Stephen Letts
Updated 36 minutes ago

A Malaysian shows the front and back of the new five ringgit polymer notes.
PHOTO: The ACCC alleges the manipulations occurred over a series of trading days in 2011. (Reuters: Bazuki Muhammad BM/FA)
RELATED STORY: Three big banks are accused of rigging rates. Here's how it affects youRELATED STORY: ANZ, NAB confirm US class action over rate rigging accusations
MAP: Australia
ANZ and Macquarie Bank have been hauled into the Federal Court over alleged attempts to manipulate the benchmark rate of the Malaysian ringgit.

Key points:

ANZ admits to 10 instances of alleged cartel conduct, fined $9m
Macquarie faces a $6m fine
Macquarie trader regularly contacted ANZ traders about submissions for Malaysian ringgit fixing rate
The action taken by the Australian Competition and Consumer Commission (ACCC) alleges traders at both banks engaged in cartel conduct in attempting to influence the daily rates used for currency trading.

The allegations date back to a series of trading days in 2011.

ANZ has admitted to 10 instances of attempted cartel conduct and has submitted to the court to pay a penalty of $9 million and contribute to the ACCC's costs, while Macquarie is facing a $6 million penalty and costs.

Both banks have accepted a series of facts the ACCC has put before the court.

These include that a Macquarie trader regularly contacted traders from ANZ and other Singapore-based banks in private online chatrooms about daily submissions in relation to the benchmark rate for the Malaysian ringgit.

"On various dates in 2011, traders employed by ANZ and the Macquarie trader attempted to make arrangements with other banks that particular submitting banks would make high or low submissions to the Association of Banks in Singapore (ABS) in relation to the ABS Malaysian ringgit fixing rate," the ACCC said.

While Macquarie was not one of the banks authorised to make rate submissions to the ABS panel, the trader often initiated discussions with panel traders, including those from ANZ.

The ACCC pursued the banks via the cartel provisions under the Competition and Consumer Act.

"I personally believe that the action we've taken today will send a message to the boardrooms and senior managers of banks that I think will help shape behaviour," ACCC chairman Rod Sims told ABC News.

"They did have this action brought to their attention, they acted in relation to the individuals and acted in relation to future compliance policies.

"I think we need to be clear that this occurred in 2011, that's a long time ago, and I think the banks would argue with some justification that they're trying to address the issues that have been brought to their attention."

ACCC estimates turnover on forward contracts worth $10b

The ACCC estimated the 2011 turnover in Australia for trades in the Malaysian ringgit forward contracts the traders were seeking to manipulate was approximately $9 to 10 billion.

"ANZ and Macquarie's customers included Australian companies," the ACCC noted.

The ABS benchmark rates are used as reference rates for settling non-deliverable forward contracts (NDFs) and, given they are not widely traded outside Singapore, rates must be set by a panel banks submitting their views on the appropriate rate each day.

"ANZ has agreed the employees unsuccessfully attempted to influence the setting of benchmark rates used to settle NDF contracts for the Malaysian Ringgit on 10 occasions in 2011," ANZ said in a statement.

"The three employees involved are no longer employed by ANZ."
ANZ's chief risk officer Nigel Williams said the bank has an obligation to ensure its staff, both in Australia and overseas, comply with the law at all times.

"While there is no evidence that FX (foreign exchange) benchmarks in Singapore were successfully influenced, we accept responsibility and apologise for the actions of our former employees," Mr Williams said.

"We have made significant improvements to our compliance, training and monitoring systems to ensure this does not happen again."

The rate rigging allegations are similar to a number of cases the Australian Securities and Investments Commission (ASIC) is pursuing against NAB, ANZ and Westpac over the rigging of Australia's bank bill swap reference rate, or BBSW, dating back to 2012.

In August, NAB, ANZ and Macquarie were named in a class action launched by two US-based fund managers against 17 international banks and broking houses involved BBSW trading in the US.

Posted by albertwarrior > 2016-11-25 09:37 | Report Abuse

http://www.abc.net.au/news/2016-11-25/bank-rate-rigging-spreads-anz-macquarie/8057398

Posted by albertwarrior > 2016-11-26 15:45 | Report Abuse

Write a comment..Image of bull statue
From Zacks: The Dow Jones industrial average appears to be on cloud nine, having crossed 19,000 for the first time in its 120-year history on November 22. Not only Dow, the other two key U.S. equity gauges — the S&P 500 and NASDAQ Composite — also hit record highs.

The tailwind was the Trump-induced rally triggered off by the pledges of higher fiscal spending and tax cuts. Specially, the industrial sector deserves a special mention on the president-elect’s plans of increased infrastructure spending. With republicans taking control of both the House and Senate, Trump is expected to enact all his market-friendly policies seamlessly (read: Trump Triumphs: Stocks & ETFs to Rock or Shock).

Can Dow Hit 20,000 in the Near Term?

The answer can be give by both oil and Trump.

Investors should note that though several market watchers believe that there is little-to-no correlation between oil and stocks, this belief has been changing lately as the broad-based market movement has been oil-driven to a large extent (read: If the Oil Crash Continues, Buy These 5 ETFs to Outperform).

This was especially true for Dow Jones Industrial Average. Recently, on a particular day of oil rout, the decline in Dow Jones was steeper than that of the S&P 500. Since August 2015, crude oil and the Dow Jones Industrial Average index moved almost in line. So, if the OPEC cuts an output curb deal this month, Dow may gain.

Also, manufacturing numbers point to a recovery in the U.S. Upswing in the manufacturing sector can act as a strong tailwind to Dow Jones Industrial Average’s forward growth. After all, SPDR Dow Jones Industrial Average ETF (DIA – Free Report) invests about 19.83% weight – the highest allocation – in the industrial sector (read: Global Manufacturing in Growth Zone: ETFs to Watch).

Another bullish argument — that a transition is ongoing from an interest-rate driven market into an earnings-driven one — was presented by a chief investment strategist at Baird. This can be a winning case for Dow Jones. As per an article published on Investopedia, “the consensus earnings estimates of Wall Street analysts started predicting Dow 20,000 within the upcoming year.”

Some analysts are highly optimistic about Dow stocks and their projection is a 5.3% increase to 20,024 in 18 months.

Is There Something to Worry About DOW?

Despite the bullishness surrounding Dow Jones, there are concerns as well. Investors should note that the index spent around two years to cover another 1,000 points as it reached the 18,000 mark in December 2014. Wall Street Journal notified that “this was the seventh-longest stretch of time between such round-number marks.” Moreover, it went on to explain that “the latest 1,000-point climb was the result of average gains of about 0.01% each trading day.”

What’s more concerning is that the height reached by Dow in recent times was unsusstainable. The 16000, 17000 and 18000 Dow records were all snapped in less than 160 trading sessions after the earlier 1,000-point level was first reached.

Last but not the least, hasn’t the market already priced in a Trump win? After all, key U.S. indexes logged a pretty decent ascent following the election.

Now, it all depends on how Trump delivers on his promises and oil prices shape up. Till then, investors believing in the Dow rally can invest in these ETFs mentioned below.

Posted by albertwarrior > 2016-11-26 15:46 | Report Abuse

For first time download Jones index reached 19,0000.
Monday Bursa Malaysia sure flying with colour.

Posted by King Kong73 > 2016-11-27 08:06 | Report Abuse

B4b4...who the hell want to buy Perisai and help with their high debt.

Posted by King Kong73 > 2016-11-27 15:37 | Report Abuse

I hope you are right

Posted by B4b4 > 2016-11-27 16:43 | Report Abuse

Perisai make profit almost every qtr for the past 5 yrs. No worry. Bondholders can still have new discussions since oil is up USD 45-50

Posted by King Kong73 > 2016-11-28 07:15 | Report Abuse

Perisai is earning in USD and pay their operation in Ringgit right..with ringgit depreciating..then they are making some bonus profit.

Posted by B4b4 > 2016-11-28 21:08 | Report Abuse

A white knight coming

Posted by derrickinvestor > 2016-11-28 21:49 | Report Abuse

this tiu nia seng counter still got hope bo?

Posted by Aleo Low > 2016-11-29 00:23 | Report Abuse

Run before another big drop next week
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